Lease & Hire Purchase
Equipment Finance for all your business needs
RCR Finance provides a range of financing options designed to help your business manage it's assets in the most cost effective and efficient manner.
Why Use Equipment Finance ?
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With no capital outlay required, financing assets enables you to retain valuable cash resources to fund your day to day business operations
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Budgeting is made easier as monthly payments are fixed for the term of the agreement
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We can arrange one off pre-approvals of a Credit Line to provide peace of mind that you are pre-approved for future needs
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Equipment Finance allows you to pay for the equipment whilst you are generating the income from it's use
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The equipment purchased secures the finance - not your freehold property
What Can I Finance ?
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Motor Vehicles
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Commercial Vehicles
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Engineering & Industrial Equipment
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Medical & Dental Equipment
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Office Equipment / Computers / Office Fitouts
Commercial Hire Purchase
Using a Commercial Hire Purchase Loan (also known as Asset Purchase), you can obtain a vehicle, plant or equipment of your choice in exchange for regular payments over an agreed period of time (usually 1-5 years). Upon making the final payment, you become the legal owner of the vehicle or equipment.
Benefits:-
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retains much needed cash reserves in your business
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can claim interest and depreciation on the vehicle or equipment
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payments can be structured to suit your business cashflow and budgeting
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payments can be structured to align with the effective life of the asset
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payments can be structured so the debt is fully repaid at the end of the term
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payments can be structured so that the loan is either repaid in full or a "Balloon" or ”Residual” remains owing at the end of the loan term in order to reduce monthly payments
CLICK HERE for more information or a quote
Chattel Mortgage
Using a Chattel Mortgage, you can obtain a vehicle, plant or equipment of your choice in exchange for regular payments over an agreed period of time (usually 1-5 years). You become the legal owner of the vehicle or equipment from the outset, and the lender holds a"Chattel Mortgage" over the equipment financed.
Benefits:-
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retains much needed cash reserves in your business
-
can claim interest and depreciation on the vehicle or equipment
-
payments can be structured to suit your business cashflow and budgeting
-
payments can be structured to align with the effective life of the asset
-
payments can be structured so the debt is fully repaid at the end of the term
-
payments can be structured so that the loan is either repaid in full or a "Balloon" or ”Residual” remains owing at the end of the loan term in order to reduce monthly payments
CLICK HERE for more information or a quote
Finance Lease
Using a Finance Lease, you can obtain a vehicle, plant or equipment of your choice in exchange for regular payments over an agreed period of time (usually 1-5 years). A Finance Lease requires you to finance 100% of the cost of the asset (i.e. a deposit cannot be utilised to reduce the amount financed). A residual value, which is payable at the end of the lease term, must be established from the outset. Residual values are determined by the Australian Tax Office and are based on the depreciation value of the asset.
Benefits:-
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No initial cash outlay as 100% of the purchase price is financed
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Rental payments may be fully tax deductible (tax treatment may vary - consult your accountant)
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retains much needed cash reserves in your business
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payments can be structured to suit your business cashflow and budgeting
CLICK HERE for more information or a quote
Novated Lease
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A Novated Lease can benefit both employer and emloyee
- It provides the employer with a complete salary packaging alternative to owning a fleet of motor vehicles
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The employee gains full use of salary packaging
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Documentation complies with ATO and Accounting Standards
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No initial cash outlay as 100% of the purchase price is financed
CLICK HERE for more information or a quote
Small Ticket Finance
The relatively low cost of computer and office equipment has given rise to "Small Ticket Finance" starting from as low as $3,000. Conditions vary between lenders, with a small number of lenders now not even requiring private companies to provide financial statements for transactions up to $20,000.
CLICK HERE for more information or a quote
